Increased Leisure Travel Demand Could Lead to Fewer Business Trips
Photo Credit: A United plane at the gate in California. Flickr / Justin Kern
Skift Take
High travel costs and an uncertain global economy aren't good news for those expecting businesses to spend more on travel.
Airfares have been relatively flat in the domestic U.S. for the past few years, but a new report finds that prices are expected to creep upwards beginning in 2016.
Research from IBISWorld has found that the cost of airfare and hotel stays are likely to rise for business travelers in 2016. According to IBISWorld's procurement research, hotel room rates are expected to rise by 4.3 percent annually through 2019 while airfares are slated to
